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accountant
8 Points Posted on 29 July 2016
What journal entry we made in books when our building convert into flats
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On 29 July 2016 at 20:53 Report
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Guest

No entry is required..Flats and building are in same grouping..smiley

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On 29 July 2016 at 21:21
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student
123 Points Posted on 29 July 2016
No entry required at the time of conversion
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On 29 July 2016 at 22:36
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student
123 Points Posted on 29 July 2016
Entry should be required only at the time of sale of flats
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On 29 July 2016 at 22:36
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student
123 Points Posted on 29 July 2016
It is better to change Ledger name
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On 29 July 2016 at 22:37
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accountant
8 Points Posted on 31 July 2016
So sir what i do with the renovation and the charges which i paid to convert it,
Help me
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On 31 July 2016 at 11:40
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student
123 Points Posted on 31 July 2016
just add to work in progress
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On 31 July 2016 at 11:41
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student
123 Points Posted on 31 July 2016
u can also have another option. Debit the expense to p&l account
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On 31 July 2016 at 11:42
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accountant
8 Points Posted on 31 July 2016
Pls make a journal entry for me to got it easy?
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On 31 July 2016 at 11:43
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accountant
8 Points Posted on 31 July 2016
So the journal entry is that:-
Exp. A/c dr.
To p&l a/c
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On 31 July 2016 at 11:45
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accountant
8 Points Posted on 31 July 2016
What cr. P&l or building or flat group
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On 31 July 2016 at 11:46
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Final
128 Points Posted on 31 July 2016

Its An Event NOT A Transactionsmiley

1 Reply
On 31 July 2016 at 15:58


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